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<blockquote data-quote="Warren Allison" data-source="post: 1786577" data-attributes="member: 40587"><p>You are not wrong, and you need less correcting than some of these business gurus and captains of industry on here that are so un educated and knowledgeable about basic economics, GAAP, tax codes, civil courts, etc. There is no such term in economics as owned money. The one that coined that phrase on here, is basically ignored by most of us. He is obsessed with ending certified angus beef programs, because he thinks if he does, his red cows will bring as much as ho is black calves do. He will work that into every thread he comments on, no matter the topic. Just watch. Another one or two of the nay-sayers, just can't grasp the difference in personal loans and corporate loans. Their comments would actually be true and accurate if we were talking about people borrowing money to buy cattle. We are not...we are talking about corporations buying cattle, and borrowing the money to do so. I can not remember the last time I sold a herd to, or bought a herd for , anyone that paid with a personal check. All have been corp or LLC checks.</p></blockquote><p></p>
[QUOTE="Warren Allison, post: 1786577, member: 40587"] You are not wrong, and you need less correcting than some of these business gurus and captains of industry on here that are so un educated and knowledgeable about basic economics, GAAP, tax codes, civil courts, etc. There is no such term in economics as owned money. The one that coined that phrase on here, is basically ignored by most of us. He is obsessed with ending certified angus beef programs, because he thinks if he does, his red cows will bring as much as ho is black calves do. He will work that into every thread he comments on, no matter the topic. Just watch. Another one or two of the nay-sayers, just can't grasp the difference in personal loans and corporate loans. Their comments would actually be true and accurate if we were talking about people borrowing money to buy cattle. We are not...we are talking about corporations buying cattle, and borrowing the money to do so. I can not remember the last time I sold a herd to, or bought a herd for , anyone that paid with a personal check. All have been corp or LLC checks. [/QUOTE]
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